{"id":140456,"date":"2026-03-07T16:00:50","date_gmt":"2026-03-07T16:00:50","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=140456"},"modified":"2026-03-07T16:00:50","modified_gmt":"2026-03-07T16:00:50","slug":"ethereum-rising-wedge-warning-breakdown-could-send-price-toward-1500","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=140456","title":{"rendered":"Ethereum Rising Wedge Warning: Breakdown Could Send Price Toward $1,500"},"content":{"rendered":"

Ethereum is showing early signs of a rising wedge formation, a pattern often associated with potential reversals<\/a>. With key support under pressure, a breakdown from this structure could push the price lower, putting the $1,500 level firmly in focus as the next major target.<\/p>\n

A Rejection At Key High-Timeframe Support<\/strong><\/h2>\n

Luca, in a recent update<\/a>, highlighted that Ethereum\u2019s price has been rejected at the lost high-timeframe<\/a> support range he referenced in previous PAT updates. This level also aligns with the 2D Bull Market Support Band at $2,180, making it a critical zone for assessing market direction. The rejection suggests that buyers are struggling to reclaim key support, keeping the market under pressure.<\/p>\n

Examining the mid-term picture, Luca noted that since early February, Ethereum has been forming a rising wedge pattern. Rising wedges are often considered cautionary signals because they can precede corrective moves, indicating that the current upward attempts may lack the strength needed to sustain a rally<\/a>.<\/p>\n

Until there is clear evidence of a durable breakout<\/a> above both the lost high-timeframe support range and the 2D Bull Market Support Band, Luca advises that traders should remain hedged and avoid overly aggressive positions. This strategy helps limit exposure while waiting for a more definitive market trend to emerge. For the time being, Luca plans to remain hedged to mitigate mid-term downside risk.\u00a0<\/p>\n

The most probable scenario, according to his analysis, is continued consolidation within the lost high-timeframe range. If bearish pressure persists, Ethereum may continue the high-timeframe downtrend observed over the past few weeks. The next key high-timeframe support<\/a> to monitor aligns with the early April 2025 lows near $1,500.\u00a0<\/p>\n

Ethereum Shows Potential For End-Of-Week Trades<\/strong><\/h2>\n

Ethereum could present some interesting end-of-week trading opportunities. Lennaert Snyder revealed<\/a> that price action around key levels may offer both short-term and mid-term setups for active traders.<\/p>\n

According to the analyst, Ethereum is currently holding at the $2,036 low, which indicates a correlation with the Smart Money Theory (SMT) and Bitcoin. This alignment suggests that price movements in ETH may follow broader market<\/a> trends seen in BTC, providing potential clues for trading decisions.<\/p>\n

Snyder plans to enter shorts if Ethereum sweeps and rejects the buy-side liquidity above $2,099, using a bearish MSB as his trigger. Conversely, if price breaks above $2,099, he\u2019ll target longs toward $2,163, relying on SMT with BTC and previously captured sell-side liquidity.<\/p>\n

He also cautioned traders to be mindful of today\u2019s Non-Farm Payroll (NFP) release, which can create volatility<\/a> across crypto markets. Sudden market reactions could impact ETH\u2019s price action, making careful risk management essential around the news event.<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum is showing early signs of a rising wedge formation, a pattern often associated with potential reversals. With key support under pressure, a breakdown from this structure could push the price lower, putting the $1,500 level firmly in focus as the next major target. A Rejection At Key High-Timeframe Support Luca, in a recent update, […]<\/p>\n","protected":false},"author":0,"featured_media":140457,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-140456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/140456"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=140456"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/140456\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/140457"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=140456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=140456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=140456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}